Pavilions hotel of Thailand, begin to accept payment in Crypto

Global resort group Pavilions Hotels & Resorts based in Thailand will now facilitate their customers to pay in Cryptocurrency mode. Hotel heads believe that crypto is the future while fiat is just a mode of integration of the business at international level.

Day by day the trend of Cryptocurrency acceptance by new services in the whole world is increasing and also it is a clear indication that Cryptocurrency market is going to set their new place in the future financial system.

Even though there is big fluctuation in prices that impact the payment Criteria system which doesn’t suit perfectly with traditional fiat systems.

But even with such types of volatility in crypto, many companies are taking their steps in crypto.

Recently a Thailand based hotel, Pavilions hotel, confirmed a partnership with British payment service Coindirect. With the help of this partnership the hotel will be able to accept payments in more than 40 Cryptocurrencies.

According to reports, it will depend upon the hotel authorities whether they will hold their crypto payment or convert into fiat in the same account.

Hotel management also stated about this partnership and said that Cryptocurrency trend is increasing day by day because it has potential and also it is the future of the financial system. Fiat is only a medium to connect the business at international level but here with Cryptocurrency it is much easier to expand business at international level.

Thailand based this hotel also stated that they will extend their business with the crypto integration. Right now they will accept crypto payment only for books and stays. But in the future they will allow other services.

In future they will integrate their other business in selling properties and goods for Cryptocurrency.

It’s exciting to be able to see more and more people adopting cryptocurrency for business. You’re going to see more and more in the travel sphere adopting cryptocurrencies as a form of payment.”

Toon said

So probably this Cryptocurrency acceptance in all businesses we can see in present time and probably will see in government services directly like El Salvador region.

Read also: Cardano’s Next 5 Year Goal : Fortune 500 Companies and 1 Billion Users